Talk about throwing the technicals for a loop! SiriusXM saw a massive spike in volume and share price going into the close. Whether this was a planned buy somewhere, shorts covering, dividend related, or something else is not yet known, but the equity literally rose 20 cents in a heartbeat. This took out resistance at $2.75, $2.84, and after hours is even testing $2.95 and $3.00!
I will be reporting the technicals later this weekend in preparation for Monday, but watch the news wires in the interim! I have been saying that this equity was coiled tight, but this action is VERY interesting to say the least!